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. bay area airports have had days of delays because of rain here. >>> president barack obama arrives back in washington for high level cliff's. president barack obama cut short his christmas trip in hopes of negotiating a deal with republicans and the deal was to make tax cuts for the wealthy and raising taxes among the rich. the treasury announced they will resore to using a program to help sustain their money. they will look to borrowing where the government defaults on their debt. >>> former president bush remains alert talking with medical staff. former president bush was in the hospital since last monday for complications related to bronchitis. >> we are hoping the medicine and treatments can help him turn things around. >> the former president has a high fever and is now on a liquid only diet. his former florida governor and son have all been frequent visitors. >>> they came after 14 million vehicles came. they say the value of the cars fell sharply after the recalls. a judge must still approve the settlement. >>> how are things looking tara >> so far so good, let's take a live
of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly t
includes the employed and those looking for jobs. >>> president obama is spending the holidays in hawaii. they boarded air force one tonight to head to his home state. but not before president obama acknowledged that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast. forecast-- will have the holiday forecast. Ño [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a differ
here in the bay area. >>> and president barack obama cut short his christmas vacation and we will explain. >>> we have an accident up in petaluma, we will tell you about it coming up. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. how. >> new this morning. >>> officials say a car bomb went off in host province it killed a security guard an injured 6 civilians. the taliban is claiming responsibility for the attack. >>> online 5,000 people were released from the boy scouts suspected of sexual abuse. it goes from 1947 to the present. it includ
. the deaths of several people are being blamed on that storm. >>> president obama has called congressional leaders from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic in a san francisco mall led to a loss in post christmas sales for business. they ran from the mall when they heard a noise that sounded like gunshots. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost but analyst tell the sacramento breeze it's like -- sacramento bee it's likely a s
convicted of a dui. what she thinks about the new law. >> president obama has called congressional leaders from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talki
. >>> president obama has called congressional leaders from the white house today in a last ditch effort to avoid the fiscal cliff. coming up the sign the lack of deal is already hurting the u.s. economy. >>> the contra costa -- they are in the fire chief and board members. we've posted the list of times on the hot topics page of >>> people in the midwest open -- snow if flow -- and it could be that way for a few days. the deaths of more than a dozen people in several states are if if >>> the -- he was taken >>> a few hours later bart trains were held at the concord station because of a report with a man with a gun. the police activity did cause delays on the pittsburgh bay point line. those reports were not related to the earlier shooting and nothing was found. >>> the brawl that caused wide spread panic inside a mall caused -- no shots were actually fired but there was a brawl. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost. experts tell the
with the ceo. >>> starting today, lawmakers and president barack obama will get back to work on a 50-yard clip and they want the president to miss the deadline. >> reporter: economists warn going over the cliff will hurt our already struggling economy but both parties stand to get some of what they want if spending cuts go into effect next tuesday and here is why. democrats say republicans want to go over the cliff and tax rates have gone up on all americans and they would then be voting for tax cuts as opposed to tax increases they would now have to reach a deal. put the president and the democrat particular party would win. >> he gets to cut the military and he gets to blame republicans for it. >> also if congress does not reach a deal by monday as many as 500 million taxpayers will not be able to file until march and i can explain why when i see you next. tile la campbell -- kyle la calm about a ktvu channel 2 morning news. >>> they are asking all workers from d.c. washington area stores to coliseum together and he said he wants to send a respectful but potent issue. we have more times with
for homes and businesses at this hour. >>> president barack obama is hoping to reach a deal to avert the fiscal cliff and he left his vacation. we will look at the new offer and the concessions he is proposing. >>> let's go back outside with alex savage. >> reporter: they have finally been able to locate the problem right under where those crews are working and they have had to dig up quite a bit of sidewalk to figure out where the leak was coming from but crews say they are running a bypass around the broken line. off to the left, the people were evacuated as a precaution. everything began when neighbors reported the smell of gas in this area. people here were ordered to shelter in place in their homes for a time and early on, he was certainly going to face explosion. >> if something goes off or ignites, i am only a couple of doors down from where the leak is so it is frightening. >> the source of the leak has been found. the repair work, it will be difficult for she people to go back home and with the exception of the three homes evacuated, gas does remain on for the entire area of
to get them to their destination by christmas. >>> president obama will return to the white house on wednesday in hopes of coming up with an agreement for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go
days away and there is no deal in sight. president barack obama is in hawaii for christmas, meanwhile house speaker house speaker john boehner is also on vacation. before vacation they each made one last pitch. >> we have a tax hike on middle- class americans... >> it would still be ready as far as the eye can see and it would hurt jobs. >> if we go over the fiscal cliff, most americans will see higher taxes and most will feel the sting of harsh budget cuts. >>> holiday vandals hit a church in orange county, what has police launching an investigation . >>> coming up, alex savage would be live with more on a police investigation and it turned into a much bigger situation. >>> police say it happened near a catholic church. was swastikas -- swastikas were found in front of a priest's house. a nay safety scene has been nativity scene has been found in the past. >>> snow in the west could make for a white christmas on the east coast. snow has fallen up to a few inches in other parts of new york state and it is creating headaches for holiday travelers. the region could get a few more inches
at mainly dry and i will have a look at your storm coming up. >>> president barack obama could return to washington sooner than planned, what he is saying about avoiding the fiscal cliff. >>> and what they are doing to keep escalators in service at bart stations. >>> we have a report in the south bay coming up, we will tell you about that next. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. . >>> welcome back, new this morning, thousands have been left homeless in manila. authorities say a riot broke out after a second fire left 8,000 people homeles
in california. >>> president barack obama is currently on air force 1 flying back to washington. he has important information regarding the economic deadline and more on how we are closing in on another financial barrier which is the debt ceiling. new california laws go into effect for the new year's. here is more on what drivers need to knowment. >> reporter: starting on january 1st you will be able to send and receive text if you have a hands free device that is powered by your voice. and they will be able to tell all underaged passenger that drinking is illegal and if alcohol is being transported, a person 25 years old must be on board to make sure they don't drink. the most recent party bus incident, a woman was killed when she fell out of a party bus when there was drinking involved. and they allowed cars with clean air vehicle stickers to be able to use high occupancy toll lanes even if there is just one person in the car. coming up later, a couple of new laws include if you are driving what sort of proof do you need to show to police if they pull to you over. janine de la vega, k
see people work three jobs just to make ends meet. that's not fair." in late november, president obama met with small business owners for their input about the fiscal cliff, and the minimum wage was mentioned. "i think the administration is interested in doing something, but it also comes with some baggage, so i'm not sure it'll be taken up." opponents of raising the minimum wage say it would hurt teenagers, an age group facing the highest unemployment rate already. during the recession, many of those jobs were held by adults. in fact, in colorado, two out of three minimum wage workers are older than age 20. meanwhile, a bill in congress would raise the federal minimum wage 85 cents a year for three years until it reached $9.80 an hour. after that, it would be linked to inflation. as end-of-year charitable donations step up this week, the new york attorney general is releasing disturbing details about charity fundraising. for- profit telemarketers hired by charities to raise funds kept an average of 61.5 cents of every dollar donated. 76 of the 602 charity campaigns in the study, lost
. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators
and reverend jeremiah wright, formerly of the president obama's church. >> those who live with that reality daily and in light of what is happening in newtown, connecticut, don't you give up, because it's time for you to act refrigerate church leaders believe they can start within their own communities. >> those in power, let's talk to the power about what we can do come together to change this before we kill each other. >> reporter: a group of san francisco faith leaders actually met with the mayor this week to discuss what they can be doing to address the issue of gun violence and they hope to have more similar meetings in the months to come. >>> well, in the past two hours i just stepped out and it was pouring rain outside our studio in oakland. it's been getting a lot of rain across the bay area. mark tamayo joins us with a look at the totals and one area that really got a drenching. >> the coastal hills the numbers continue to pick up and add up. you might be surprised by the numbers that i'm about to show you. the rf started this morning and really intensifying by midmorning into th
president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if the president and congress are not able to avoid the fiscal cliff experts say people here in california will be hit especially hard because prop 30 voted into law in november will mean higher sales taxes and income taxes on the state's top earners. the fiscal cliff would add to that, hitting all americans with higher taxes. >> i don't know there is a word to describe how pissed the public is going to be, nobody going to be happy to see that happen. >> if taxes go up on everybody it is not going to be a hap
. >>> president obama will meet with congressional leaders from both parties at the white house in a last ditch effort to avoid that fiscal cliff. the president returned early from his hawaii vacation. house speaker john boehner has called members of the house back to washington. >>> members of the northeast are still dealing with the aftermath because of a powerful storm. the deaths of more than a disease people in several states are now being blamed on that storm. >>> today state senator jerry hill will introduce a bill he hopes will cut the number of drunk drivers on the roads. he wants to acquire drunk driving offenders to install drunk driving equipment in their car after their second offense. more than a quarter of all drunk driving convictions are for repeat offenders. >>> the california highway patrol is out checking for people celebrating the new years holiday a little too much. they operated a dui check point last night and early this morning. they seldom make a drunk driving arrest at check points. state officials say nearly one- third of all fatal accidents are drunk driving related
retired in 1992. he rejected calls to run for office. he was 78 years old. >>> president obama cut his hawaii vacation short and returned to washington, d.c. today to try to avoid the so- called it can it can. the perez -- so-called fiscal cliff. the president is expected to meet with leaders tomorrow and congress will conseen a special sunday -- convene a special sunday session. ktvu's consumer editor tom vacar is here with a look at the building angwer washington, especially -- anger with washington especially among californians. >> reporter: it could bring another recession and higher unemployment. >> reporter: californians voted for prop 30. every californian will pay a quarter percent higher sales. the fiscal cliff will hit all americans with higher taxes. and that could lead to a u.s. economic down turn. and that could derail many of the benefit prop 30 could have meant for the state. >> i don't know if there is a word to describe how mad the public will be. nobody will be happy to see that happen. >> if taxes go up it is not going to be a happy time. i think that is what is goin
, d.c. for the holiday. before he left for hawaii president obama issued a stern request to congressional leaders to approve legislation before the end of the year. >> once this legislation has agreed to i expect democrats and republicans to get back to washington and have it pass both chambers. i will immediately sign that legislation into law before january 1st of next year. >> the president was referring to legislation that would prevent a middle class tax hike and would protect unemployment insurance. he spoke after talking by phone with house speaker john boehner and meeting with senate majority leader. >>> the dow industrials dropped 120 points. the nasdaq fell 29. we also saw a number of conflicting economic reports that experts say suggests the economy is not sure where it's going top our consumer editor tom vacar is in san francisco's financial district with some explanations. >> reporter: there are two winds. those that are blowing and the much more important economic cross winds. for the overall economy most critical shopping days are ahead of us. >> i'm very c
for action to prevent gun violence. >> actor and activists danny glover, formally from president barack obama's church were the guests of honor and they say there has been too much violence over the past year. >> it is time for people to put their guns down and get with the times now and get more people to stop all the violence. >> a group of san francisco leaders met with the mayor last week to discuss what they could do to address gun violence and they are hoping for more similar meetings in the future. meanwhile they are getting more over the fiscal cliff. there is still no deal. congress has left for christmas vacation and now it looks like the lawmaker's last hope and others say the country will fall off the cliff. >> if we allow that to happen, it will be the most colossal consequential act of congressional you are responsibility in a long time. >> president barack obama is in hawaii for christmas. he said he will cut his vacation short to hammer out a deal. he will prevent automatic tax hikes from taking affect on january 1st. >>> police in virginia arrested a u.s. senator from driving
obama today. the president called on top senators to craft a deal and get it past this weekend for presentation to the house. >> i still want to get this done. it's the right thing to do for our families, for our businesses and the entire economy. but the hour for immediate action is here. it is now. >> so we'll be working hard to see if we with get there in the next 24 hours so i'm hopeful and optimistic. >>> senator mitch mcconnel called the meeting with president obama good. taxes go up for all americans and traásic cuts will hit -- and drastic cuts will hit the national budget. >>> the dow fell 158 points, and the nasdaq fell 25 points. >> they may you know want to do something illegal just to put food on the table. >> coming up in 18 minutes finally strapped the hundreds of thousands of people set to feel the impact of the financial cliff starting tomorrow. >>> a sixth suspect has now been charged in connection with a beating and homicide in san francisco where the victims were bound and gagged. ktvu's david stevenson was in court today and tells us for the first time t
after more than 30 years. why this restaurant has nothing to do with the economy. >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are a little concerned. >> reporter: gary is optimistic about a deal. >> i'd still rate it better than 50/50. >> reporter: what seems increasingly likely is to allow the country to go over that fiscal cliff, triggering higher taxes. that would allow hard line republicans to vote for lower taxes, a few days later. >
thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility. >> reporter: president obama is in
at stow lake. >>> president obama is's. he may avoid -- president obama is in hawaii. he may come home early to avoid the so-called fiscal cliff. >>> a plan includes proposed projects to attract state i havers -- visitors. >>> 7:23. moving along in the day right now, tara, you know we talked about going to the golden gate park today. there is another gift that people should know about. >> there is a perk. free parking. >> yay! >> in san francisco today. yeah, free metered parking everywhere along a -- including along the embarcadero and fisherman's wharf. no street sweeping unless that sign says seven days a week of the including holidays. that's the good news -- a week, including holidays. that's the good news. you can see traffic is moving well along all directions. we have, really not a whole lot of people out there. hopefully everybody is opening their presents right now. down in the south bay, 237, milpitas, usually we see a lot of westbound traffic on the right-hand side of your screen but really own what? three cars right now. so that's great. here's rosemary. >>> we have a new
it. the tree barely missed falling on to a second car. >>> president obama and first lady attended the funeral for the late senator, senator inouwe. he was buried in the cemetery known as the punch bowl. he served in congress since 1959. he died last week from respiratory problems. reed called inouwe a leader. >>> reports indicate the town in syria had not had ingredients for bread until a week until an aide group delivered provisions next week. hundreds of people had lined up to get food when the gunfire hit. >>> investigators say it appears an electrical short may have started the fire. no one was injured but it is estimateed the fire cost millions of the dollars of damage. >>> a new research on global warming indip in -- indicate that is the an -- the antartic sheet is warming twice as fast. the study suggests the ice sheet is not just melting from the bottom it's previously thought it's melting from the top as well. >>> it's lawsuit and now counter suit for lance armstrong and a british newspaper wants compensation from a liable suit. armstrong sued the uk sunday times a year
. >>> the first lady joined president obama for his weekly message. >> every year we commit to love one another, to give of ourselves, to be our brother's keeper, to be our sister's keeper. but those ideas are not just part of our faith. they're part of all faiths. and they unite us as americans. >> in this country we take care of each other and in the season of giving it's inspiring to see so many people all across america taking the time to help those most in need. >> the first family arrived early this morning in hawaii where they're spending their christmas holiday. the president said he plans to return to washington next week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at ti
on national retailers. in san francisco, christian cap, ktvu channel 2 news. >>> president obama is expected to head back to washington from hawaii tonight. today, house speaker john boehner said it's up to the senate to pass legislation to avoid the steep cuts and tax hikes that are set to take effect january 2nd. some observers say it looks likely the u.s. will go over that cliff allowing lawmakers then to vote to lower taxes after they first go up. >> to make them look better? to appease voters? is that the reason? great. . >> meanwhile, another showdown is looming. the government will hit its federal debt limit on new year's eve and could default unless congress passes legislation to permit more borrowing. >>> the passage of proposition 30 gave governor brown the extra money he wanted for california schools. now he's working on a proposal to differencevy up the funds. eats work -- divvy up the funds. >> he wants to return more accountability, authority and decision-making down to local school districts because teachers, administrators and parents have a better sense of what their local p
barack obama is on vacation and so is house speaker john boehner and there is no agreement and if we go over the cliff, most americans will see higher taxes. >>> a police woman shot and killed an american security adviser. it happened inside the heavily guarded area. the shooting appears to be an insider attack and authorities say this is the first such attack by a woman and was arrested by afghan police. >>> they are dealing with the rising number of homicides and one city now is also known for its violence. police say 18 people have been killed so far which is down from 43 years ago. the city declared a state of emergency after a deadly summer in 2005. >>> they plan on conduct being several checkpoints from hours from now. they canceled one in fremont and drunk driving is made worse when there are heavy rains like the ones we had over the weekend. they were just three from the same timeframe when skies are clear. >>> roads have been pretty clear and we are just getting a new report of bart delays so let's check in with tara who is in for sal castaneda. >>> this is due a mechanical pro
. scattered four showers for the afternoon. >> president obama and the first lady wished everybody a happy holiday and to thank everybody for the kindness they are showing to people in need. >> this year i know many of you are extending that kindness to the family who are still picking up the pieces hurricane sandy and extending your prayers to the people of connecticut. >> the first family is spending this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say republicans will maintain their focus on reaching a deal. >> i have challenged the members of our party to grapple with these issues, to make choices and we are willing to because washington has a serious spending problem. this was the year of
computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to avert spending cuts at the same time tax cuts expire. one alternative being floated - congress may let income taxes go up on everyone one tick past the stroke of midnight, then quickly vote to decrease tax rates for most americans back to 2012 levels. meanwhile, starbucks ceo howard schultz wants his employees to send a message and scrall, "come together," on cups for drink orders in the d.c. area. it's the first time employees have been asked to write anything other than customers' names on cups. former members of a regulatory agency are walking the well worn path from washington to wall street. since june, 9 members of the commodity futures trading commission have taken jobs at financial firms including jpmorgan chase and japanese investment bank nomura, according to the wall street journal. members of the cftc have been making the transition to help firms intepret changes under the dodd- frank reforms passed in 2010. critic
elementary school. >>> she refused to block the contraceptive requirement in president obama's healthcare law. she rejected a request for an injurisdiction to block the requirement. two companies pseudoclaiming it is against -- sued claiming it is against their belief. they could be fined more than a million dollars a day for ignoring the mandate. >>> thousands of longshoreman are threatening a strike that could cripple every sea port from boston to houston. they will walk off on sunday if a deal can't be reached. the association represents more than 14,000 dock workers at 15 ports. a shut down could cost the economy billions of dollars. a mediator has been working with the two sides. a strike is looming with a few days left. >>> a court set aside $200 million in restitution to wells fargo debt card users. the bank illegally manipulated how it processed mumps to max -- purchases to maximize over draft fees. the court sent the case back to the trial court saying the bank violated state law in the way it notified customers. >>> traffic is being rekrauted to -- rerouted. the no awe -- u.s. natio
in washington d.c. are expecting 600 to 800 thousand victors for president obama's second inauguration. that is far less than the 1.8 people who crowded the washington mall four years ago. the president will be publicly swan sworn in -- sworn in january 21st. the second term officially begins with a private ceremony a day early but that is a sunday. >>> coming up in two minutes as the sierra avalanche center warns about the risks of more slides, our ktvu crew takes a look at the crowds headed up to the sierra. >>> a north end eatery begins to shut down after 35 years in business. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed intern
office with president obama and former president clinton. he wanted nothing to do with our camera. we trying to track down those who owe the state. mccoy is also a former san francisco ethics commissioner, once tasked with keeping politicians honest now he's facing his own ethical tax dilemma. is it fair that folks like you don't pay your fair share? >> i pay my fair share. i pay all of my taxes as i can. so, that's all i got to say. >> reporter: the san francisco attorney told us in a letter today that he is working with the franchise tax board to pay his bill. mccoy is just one in a long list of californians on the hook for back taxes. we reviewed the top 500 deadbeats and found respected professionals including other lawyers, doctors, realtor and nurses. hollywood celebrities clueing dionne warwick and steven. we couldn't find him but here on main street in hayward -- we confronted another tax evadetor. >> you and your husband owes the state. >> reporter: the franchise tax board also says the couple living in this 2.5-acre in clayton is way behind on his taxes. >> [dog barking].
. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow boun
to monitor oversea calls without a court order. it was said to expire at the end of the year. president obama is expected to sign the bill, his signature would keep the program in operation for another five years. >>> an australian surfer has lived to tell the tale of a harrowing shark attack. >> they've done an excellent job,. >> reporter: luke alan was shaken but obviously happy to have survived his encounter with a shark. alan was surfing in new south whales. suddenly a shark moved in and alan fought back. >> out of the blue, a bull shark just came up. on the third time he managed to get the board and drive it into the head of the shark. >> alan will have a few reminders of his ordeal. the shark left a bite wound on his thigh and took off one of his index fingers. >>> a new attack is bringing awareness. who they're targeting and what it could mean for your personal information. >> and i'm still tracking some showers on live storm tracker 2. how much rain it will bring to your neighborhood and an early look at your new year's eve newscast. >>> bay area families thrown into limbo by a ban th
.c. >> president obama is scheduled to attend the final memorial service for the late hawaii senator daniel inouye. he died from respiratory complications. he was the second longest serving senator are in history. >>> harry reid is asking for an announce mint on who his successor will be before the end of the year. >>> governor mark sanford may run for his former seat in congress. he was considered a rising gop star until he van niched from south carolina for five days back in 2009. he said he was hiking the appalachian trail. he later acknowledged he was visiting his miss stress in argentina. he served three terms before being elected to governor. his ex-wife is also interested in running for the seat >>> a fight between two black jack dealers hands one in the hospital and one behind bars. police say the fight happened between two female dealers and one woman stabbed the other in the face. police aren't sure what sparked the fight. it comes one week after a deadly shooting in the lobby of the excalibur hotel >>> a 20 day venetian cruise is not owe relaxing after they and the crew members got sick
. while some republicans suggest raising taxes for those earning at least a million, president obama and democrats want increases on anyone making more than $250,000 a year. >> we just can't afford a politically self-inflicted wound to our economy. the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> in this morning's weekly address, the president says congress must meet the new year's deadline and pass a balanced plan that offers middle class tax cuts and reduces spending in a responsible manner. >> the president's proposal to raise taxes on the top 2% of americans won't even pay one third of the annual interest that's now owed on this massive $16 trillion debt. >> missouri senator roy blunt delivered the gop weekly address, saying the president's tax hike would only fund the government for eight days. >>> if no deal is reached, giving you a look at what could happen, 1.2 million out of work americans will lose their extended unemployment benefits. california would be hit the hardest. 400,000 will lose those benefits a
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